Mark Van Boening
Papers
1
Total Citations
87
H-Index
1
About
Mark Van Boening’s research reshapes how we understand market efficiency, particularly through the lens of experimental economics. His landmark paper, “Avoidable Cost: Ride a Double Auction Roller Coaster” (1996, 87 citations), challenges a long-held assumption: that the double auction’s remarkable efficiency depends on market structure or trader sophistication. By testing human subjects and “zero-intelligence” robots across diverse cost environments, Van Boening demonstrated that the double auction’s performance is remarkably robust—suggesting the institution itself, not strategic agents, drives near-perfect outcomes. This work has become foundational for economists studying market design, auction theory, and the role of institutions in resource allocation. Beyond this, his broader contributions explore how experimental methods can test theoretical predictions in real-world settings. With a citation count reflecting sustained influence, Van Boening’s research continues to inspire students and scholars probing the boundaries of market behavior. His work is a must-read for anyone curious about why some markets work so well—even when traders barely try.
Research Focus
Key Achievements
Top Papers
- 1Avoidable Cost: Ride a Double Auction Roller Coaster87 citations · 1996